Reverse Mortgage and Pensioner Loans: Are They Safe and Worth It?
By Joe Vizzone Reverse Mortgages and Pensioner Loans You can’t eat bricks and mortar. Plenty of Sydney retirees are millionaires but they’re going hungry. They all own million dollar houses but don’t have any cash and so they struggle financially and do without a lot of things they would like to be doing. More and more of them are looking at what are generally called “Reverse Mortgages”. I call them Pensioner Loans. You can go to a bank like St George and the Commonwealth B